M&A Deal Summary

Teladoc Health Acquires HealthiestYou

On June 30, 2016, Teladoc Health acquired information technology company HealthiestYou from Frontier Growth for 45M USD

Acquisition Highlights
  • This is Teladoc Health’s 2nd transaction in the Information Technology sector.
  • This is Teladoc Health’s 4th largest (disclosed) transaction.
  • This is Teladoc Health’s 5th transaction in the United States.
  • This is Teladoc Health’s 2nd transaction in Arizona.

M&A Deal Summary

Date 2016-06-30
Target HealthiestYou
Sector Information Technology
Buyer(s) Teladoc Health
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition
Deal Value 45M USD
Advisor(s) William Blair (Financial)

Target

HealthiestYou

Scottsdale, Arizona, United States
HealthiestYou, Inc. is a provider of telehealth consumer engagement technology platform for the small- to mid-sized employer market. HealthiestYou offers members a suite of tools to easily control their health care access and costs, including physician locator, prescription pricing and benefits lookup, all through a fully-integrated, best-in-class interface.

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Buyer(S) 1

Buyer

Teladoc Health

Purchase, New York, United States

Category Company
Founded 2002
Sector Healthcare Services
Employees4,816
Revenue 2.6B USD (2023)
DESCRIPTION

Teladoc Health is a national network of board-certified, state-licensed primary care physicians who provide telephone-based consultations 24 hours a day. Teladoc physicians diagnose routine care, and non-emergency medical problems via phone, recommend treatment, and prescribe medications when necessary. Teladoc Health was founded in 2002 and is based in Purchase, New York.


DEAL STATS #
Overall 5 of 9
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 5 of 8
State (Arizona) 2 of 2
Country (United States) 5 of 9
Year (2016) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 Stat Health Services

Scottsdale, Arizona, United States

Stat Health Services, Inc. offers the online doctor visit services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Best Doctors

Boston, Massachusetts, United States

Best Doctors is a medical management company improving quality of care and lowering medical expenses via insurance products and through embedded solutions in employee benefit programs and third-party insurance policies. Best Doctors was founded in 1989 and is based in Quincy, Massachusetts.

Buy $375M

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 23 of 38
Sector (Information Technology) 9 of 12
Type (Add-on Acquisition) 14 of 23
State (Arizona) 1 of 1
Country (United States) 23 of 36
Year (2016) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-11 Zephyr

Newark, California, United States

D Software, Inc. is a provider of software test management solutions. Zephyr provides more than 8,500 customers in over 100 countries with innovative applications, seamless integrations and unparalleled, real-time visibility into the quality and status of their software development projects. D Software, Inc. was founded in 2007 and is based in Newark, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Healthx

Indianapolis, Indiana, United States

Healthx is a provider of Internet-enabled healthcare claims information to middle-market employers and their employees, small insurance brokers and third-party administrators. The Company's system creates a dynamic, customizable and cost-effective environment that accelerates the exchange of vital information used in the purchase of and payment for healthcare services via the Internet.

Sell -